A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him.
JOHN MAYNARD KEYNESWorldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.
More John Maynard Keynes Quotes
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Experience shows that what happens is always the thing against which one has not made provision in advance.
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I know of only three people who really understand money. A professor at another university. One of my students. And a rather junior clerk at the Bank of England.
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To suggest social action for the public good to the city London is like discussing The Origin of Species to a Bishop sixty years ago.
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In the long run we are all dead.
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Markets can remain irrational longer than you can remain solvent.
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It is a good thing to make mistakes so long as you’re found out quickly.
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I’d rather be vaguely right than precisely wrong.
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All the political parties alike have their origins in past ideas and not in new ideas and none more conspicuously so than the Marxists .
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The principle objectives in life are love, the creation and enjoyment if aesthetic experience, the pursuit of knowledge. Love comes a long way first.
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The numeric system was invented to help man to put order in the chaos of the world.
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When the final result is expected to be a compromise, it is often prudent to start from an extreme position.
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The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.
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When somebody persuades me I am wrong, I change my mind.
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The immense accumulations of fixed capital which, to the great benefit of mankind, were built up during the half century before the war, could never have come about in a Society where wealth was divided equitably.
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The duty of “saving” became nine-tenths of virtue and the growth of the cake the object of true religion.
JOHN MAYNARD KEYNES